Get Help From Tax Service

Learn some tips about tax saving and tax filing!

Dallas, TX (prHWY.com) November 30, 2012 - 28TH NOVEMBER 2012- As the financial year comes to an end, most people turn towards tips from tax services to make sure that they manage to evade some taxes or end up saving some money this tax season. There are some point that would really help a person save some tax money, as has been propounded by Jason Wolkowicz, the CEO and the founder of the Patriot Tax Service company.

Here are some of the most important tips given by the tax service company:

Donate as much as one can to charity. They are a good source of deductions. One can deduct the full market value of the products and property that one donates. One can always consider donating some stock to the charity in lieu of some cash (especially if the stock has been held for more than a year).

Make retirement account contribution, for people are allowed to contribute around $5000 to their Roth IRA or traditional IRA every year. If a person is aged 50 above, they will be able to contribute $6000 as well. They do count as deductions.

One can always offset capital gains and get rid of the stocks that have been underperforming so far. One will be able to claim around $3000 as capital loss per year.

Defer income can also help in reducing. Income is taxed in the year that it is received. There are some employers who actually do postpone the salary income of the employees till the following year. If a person is self employed, all they have to do is to delay billings at least till December.

Contributing towards Health account savings would also be beneficial for they come with tax deductibles as well. It will help a person invest in savings plans that will allow the individual to save the tax dollars and use them for present or future healthcare reasons as well.

Patriot Service is a company that has been providing people with legal advice especially in the field of taxes and financial trends. They have been quite astute in their observations so far and one would certainly benefit by taking a deeper look into their suggestions and tips.

For more information, one can visit their website, http://www.patriottaxsvc.com/services/

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Website: - http://www.patriottaxsvc.com/services/
Contact number - 214-321-8829

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Website: - http://www.patriottaxsvc.com/services/
Contact number - 214-321-8829
info@patriottaxsvc.com

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